1. Market Research
  2. > Travel and Tourism
  3. > Travel Services Market Trends
  4. > Car Rental

Rent-A-Car Market: Top Industry Reports

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
32 votes

Global Vehicle Renting & Leasing Industry

The vehicle renting & leasing industry is a part of the travel services sector.

The global car rental sector can be divided into two main categories: insurance replacement rentals and other general rentals. The insurance replacement sector is involved in renting vehicles to people who have lost their own vehicles through accident, breakdown or theft. The general sector encompasses both airport and non-airport segments, and covers companies renting cars mostly to business and leisure travelers.

As the car rental industry is not guided by regulatory standards, it is not tied to generalized business patterns, reports Global Industry Analysts. Companies, therefore, are aiming simply to boost revenue when devising a set of rules to follow. Customers can be at a disadvantage concerning price and service due to the unregulated nature of this system, and tend to research local agencies and consult online offers to find the best rental prices. 

Regional Market Share

The car rental sector continues to record strong growth in developed countries, with the US dominating the global rental industry, followed by the EU and other developed markets, reports Koncept Analytics. Growth potential in emerging markets like Brazil, China, and India bodes well for continued industry development.

IBISWORLD predicts the US car rental market will generate revenue of almost $31 billion in 2012, representing a yearly decline of around 0.5%. It is expected to witness almost 6% expansion in 2012, pointing to a good level of recovery. Larger companies draw on significant marketing budgets to promote brand recognition and relationships with hotels and airlines to increase market share. On the other hand, smaller outfits tend to focus their efforts on a specific market or geographic zone. Market concentration should grow over the next five-year period as smaller outfits merge with other local players.

Brazil’s car rental sector is being fuelled by a growing tourism industry, with increased passenger flow at airports and infrastructure improvements to cater to both domestic and inbound tourism. Another factor favorable to growth in the Brazilian car rental industry is access to long-term financing and growth in the business tourist sector, reports BRICDATA. Obstacles to market growth include inferior infrastructure at airports, and state and local roads. In global terms, Brazil ranks seventh among car manufacturers and tenth in terms of the size of its car fleet.

China’s car rental market is driven by the country’s tourism sector, development of international airports and investment in infrastructure, reports BRICDATA. The majority of the country’s car rental outfits are local companies focusing on a specific geographic region. Many are taxi operators that have moved into the realm of car rental to diversify their business activity. Rising levels of disposable income are also contributing to industry performance. Rising interest rates represent an obstacle to market growth in China.

Read more »

You might be interested in these related markets:

Customer Support

Talk to Sam

+1 646 893 5945

75 Reports
Company Financials, Company, Demand
53 Statistics
Finance, Company Financials, Company
120 Reports
Company Financials, Demand, Company
210 Statistics
Finance, Company Financials, Market Size
12 Reports
Company Financials, Demand, Company
7 Statistics
Finance, Company Financials, Demand
8 Reports
Demand, Market Size, Supply
6 Statistics
Finance, Company Financials, Demand
5 Reports
Demand, Supply, M&A
7 Statistics
Finance, Company Financials, Demand
7 Reports
Company Financials, Market Size, Demand
3 Statistics
Finance, Company Financials, Company
4 Reports
Demand, Company, Deals & Alliance
55 Statistics
Demand, Finance, Company Financials
4 Reports
Company Financials, Company, Market Size
2 Statistics
Finance, Company Financials, Company
8 Reports
Company, Company Financials, Economy
69 Statistics
Market Size, Demand, Finance
29 Reports
Company Financials
1 Statistics
Market Size, Demand, Finance
Search in Car Rental Industry
Parent industry: Travel Services
Related industries: Online Travel

About 300 reports

Purchase Reports From Reputable Market Research Publishers

Car Rental Market Research Report by Car Type, by Fuel Type, by Application - United States Forecast to 2025 - Cumulative Impact of COVID-19

  • $ 1449
  • July 2020
  • 92 pages

Car Rental Market Research Report by Car Type (Economy Cars, Luxury Cars, MUVs, and SUVs), by Fuel Type (Diesel and Gasoline and Petrol), by Application - United States Forecast to 2025 - Cumulative Impact ...

  • Car Rental
  • Travel Services
  • United States
  • Market Size

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on